Lottery Tax Rates Vary Greatly By State

You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

California doesn't charge a cent in state income tax on lottery winnings, no matter the amount In this case, it's like winning a second $123

california lottery results winning numbers Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

california second chance lottery Instead, the lottery simply had to balance revenues and prize payouts at a level that maximizes the total net revenues allocated to the benefit